Gevo (GEVO) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Gevo (NASDAQ:GEVO) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “Gevo, Inc. is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. The Company is focused on the commercialization of isobutanol, a naturally occurring four carbon alcohol with broad applications in large chemicals and fuels markets. Isobutanol can be used as a solvent and a gasoline blendstock and can be further processed into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters. Markets served by the Company include solvents and coatings, materials, plastics and fibers, biojet blendstock, gasoline blendstock and other hydrocarbon fuels. “

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of Gevo from a hold rating to a buy rating in a research note on Thursday, November 1st. HC Wainwright upgraded shares of Gevo from a neutral rating to a buy rating in a research note on Friday, September 7th.

Shares of NASDAQ:GEVO opened at $2.70 on Tuesday. Gevo has a 12 month low of $2.42 and a 12 month high of $24.74. The company has a current ratio of 7.74, a quick ratio of 7.15 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Tuesday, November 6th. The energy company reported ($0.85) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.25). Gevo had a negative return on equity of 25.51% and a negative net margin of 76.73%. The company had revenue of $8.58 million for the quarter, compared to analyst estimates of $7.72 million. On average, research analysts forecast that Gevo will post -7.09 earnings per share for the current year.

A number of large investors have recently made changes to their positions in GEVO. Vanguard Group Inc. increased its stake in Gevo by 596.4% in the third quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock valued at $363,000 after purchasing an additional 78,461 shares during the period. Renaissance Technologies LLC increased its stake in Gevo by 254.7% in the third quarter. Renaissance Technologies LLC now owns 563,469 shares of the energy company’s stock valued at $2,231,000 after purchasing an additional 404,625 shares during the period. Virtu Financial LLC increased its stake in Gevo by 69.1% in the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock valued at $152,000 after purchasing an additional 15,651 shares during the period. BlackRock Inc. increased its stake in Gevo by 4,086.6% in the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after purchasing an additional 151,368 shares during the period. Finally, Bank of Montreal Can increased its stake in Gevo by 100.0% in the third quarter. Bank of Montreal Can now owns 60,000 shares of the energy company’s stock valued at $238,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 12.33% of the company’s stock.

Gevo Company Profile

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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